The Restaurant Industry in Hemnes: Current Situation and Future Prospects

Overview of the restaurant industry in Hemnes

The restaurant industry in Hemnes is a small but dynamic sector with 5 registered companies in the municipality. In recent years, the industry has been marked by both decline and recovery, with a significant sales and employment decline in 2019, followed by a gradual recovery since 2020. In 2024, the industry had 29 employees, a 70.6% increase compared to 2023. At the same time, sales increased from NOK 6.6 million in 2023 to NOK 7.4 million in 2024. However, the bankruptcy of a single company (Baksterkailln & Kokken As) has been a significant event in the industry.

Sales and employees in the restaurant industry in Hemnes (2016–2024):

Key figures:

• Sales declined by 79.7% from 2018 to 2019, but increased by 187.1% from 2019 to 2020.
• The number of employees declined by 32.0% from 2018 to 2019, but increased by 41.7% from 2022 to 2023.
• In 2024, the industry had the highest number of employees (29) and sales (NOK 7.4M) in over five years.

Registered companies in the restaurant industry in Hemnes (2024):

1. Huset Cafe & Motell As (Korgen) – 13 employees, established 1998.
2. Fru Karlsens Kafe As (Hemnesberget) – 8 employees, established 2022.
3. Elf Restaurant As (Hemnesberget) – 7 employees, established 2023.
4. Baksterkailln & Kokken As (Hemnesberget) – bankrupt, 0 employees, established 2023.
5. Finneidfjord Samfunnshus Sa (Finneidfjord) – 0 employees, established 1982.

Organizational forms:

• 3 companies are AS (Huset Cafe & Motell As, Fru Karlsens Kafe As, Elf Restaurant As).
• 1 company is SA (Finneidfjord Samfunnshus Sa).
• 1 company is bankrupt (Baksterkailln & Kokken As).

Distribution of restaurant activity in Hemnes (2024):

Observations:

• Hemnesberget is the most active area with 3 companies and 15 employees.
• Korgen has 1 company and 13 employees, while Finneidfjord has 1 company with no employees.
• Baksterkailln & Kokken As (bankrupt) is also located in Hemnesberget.

Bankruptcies and operational statistics (2024):

• Baksterkailln & Kokken As (Hemnesberget):
• 0 employees, 0 sales, 0 EBITDA.
• Bankruptcy registered in 2023.

Operational statistics for Hemnesberget (2024):

• 2 companies, 15 employees, 0 sales, 0 EBITDA.
• No operational results reported for any companies in 2024.

Conclusion:

• The industry has been marked by a single bankruptcy, but no further bankruptcies have been reported.
• Operational statistics for most companies remain incomplete, which may indicate general uncertainty in the sector.

Outlook for entrepreneurs

Trend analysis and opportunities:

• Rising sales and employees: Sales increased by 11.5% from 2023 to 2024, and the number of employees increased by 70.6% during the same period. This indicates a gradual recovery after a period of decline.
• Bankruptcy as a warning: The bankruptcy of Baksterkailln & Kokken As shows that the industry can be vulnerable to economic pressure, especially in small municipalities with limited markets.
• Geographic focus: Hemnesberget and Korgen are the most active areas, which can be an advantage for new companies seeking to establish themselves in villages with existing business activity.

Recommendations for entrepreneurs:

• Consider establishing operations in Hemnesberget or Korgen, where existing companies already operate.
• Consider diversifying offerings (e.g., combining restaurants with hotels or cultural events) to increase stability.
• SmartGrunder can help find suitable addresses in Hemnes for restaurant operations, with a focus on areas with positive development and potential customers.

The restaurant industry in Hemnes has been marked by both challenges and opportunities in recent years. Although there was a significant decline in sales and employees in 2019, the industry has shown a gradual recovery since 2020, with increasing sales and employees in 2024. A single bankruptcy has been a significant event, but no further bankruptcies have been reported. For entrepreneurs, the industry can offer opportunities, especially in Hemnesberget and Korgen, where existing companies already operate. However, it is important to be aware of the economic risks in the sector and to consider diversifying offerings to increase stability.